Get to know TRAC Coin: OriginTrail's Multipurpose Token

Bittime - TRAC is the native token of the OriginTrail platform. These tokens exist as a bridge between the real world and the blockchain, promising a revolution in the way we manage and share data. Follow this article to know details about TRAC coin. Keep watching, OK!

What is TRAC Token?

TRAC, short for Trace, is the soul of the OriginTrail ecosystem. Launched in 2018 as an ERC-20 token on the Ethereum network, TRAC is not just another digital asset. 

This token is the key that powers the entire Decentralized Knowledge Graph (DKG) engine - a sophisticated system for trusted knowledge exchange.

With a fixed supply of 500 million tokens, TRAC is designed as a non-inflationary token. This means that the value of this token has the potential to grow as usage and demand increases. 

Currently, TRAC has a market capitalization of approximately $197.97 million, with a per token price of approximately $0.4865.

How Does TRAC Token Work?

TRAC plays a vital role in various operations on the OriginTrail network. Think of TRAC as the fuel that powers the information exchange engine. Here are some of its main functions:

1. Knowledge Asset Creation and Update: Asset publishers use TRAC to pay node managers who guarantee data replication. This is important to ensure assets can be discovered and published data can be verified.

2. Collateral on DKG Nodes: The locking of TRAC tokens by network participants running nodes serves as collateral. The more TRACs locked, the higher the chance of that node receiving fees for managing a particular segment of the DKG.

3. Multichain: OriginTrail's multichain approach allows Knowledge Assets and their functionality to be accessed across multiple blockchain ecosystems, expanding their reach and utility.

4. Delegation to DKG Nodes: Token holders can delegate their TRAC to specific nodes, increasing the stakes of those nodes. In return, they can earn a portion of the rewards the node receives.

Tokenomics Token TRAC

Understanding TRAC tokenomics is important to assess its investment potential. Here are some key points:

• Total Supply: 500 million TRAC
• Circulating Supply: 406.92 million TRAC
• Market Cap: $197.97 million
• Fully Diluted Market Cap: $243.25 million
• TRAC Locked for Utilities: 20%

This tokenomics structure is designed to encourage active use of the token in the ecosystem while preserving its value in the long term.

Where Can We Store TRAC Tokens?

As an ERC-20 token, TRAC can be safely stored in various EVM (Ethereum Virtual Machine) compatible wallets. Some popular options include:

1. Software Wallet: MetaMask is a favorite choice of many users due to its ease of use and good integration with various DeFi applications.

2. Hardware Wallets: For maximum security, you can use a hardware wallet such as Ledger or Trezor. This wallet stores your private keys offline, protecting your assets from online threats.

Conclusion

OriginTrail's TRAC offers more than just a typical crypto token. It is the key to a revolution in trusted data management and exchange. 

With a focus on interoperability and practical usability, TRAC positions itself as a critical asset in the ever-evolving blockchain landscape.

For investors and technology enthusiasts, TRAC presents an exciting opportunity to participate in the evolution of decentralized data infrastructure. However, as with all crypto investments, it is important to do in-depth research and consider the risks before jumping into it.

Along with the maturing of the OriginTrail ecosystem and the widespread adoption of DKG, the future of TRAC looks promising. Such is the discussion about the TRAC token from OriginTrail. Hopefully can add to your knowledge, yes!

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